Solomon Partners (PJ Solomon) Infrastructure Power & Renewables Group vs BofA Global Industrials Group
First-year T10 MBA student weighing summer associate offers between Solomon Partners (formerly PJ Solomon), for their Infrastructure, Power & Renewables group and Bank of America's Global Industrials Group (both for the NYC offices). I am very interested in the transportation sector, which I understand is covered under BofA's Industrials umbrella, and is also makes up a significant portion of Solomon's IPR practice. I'd love to hear thoughts from anyone who has experience with either teams, and any advice for thinking through this decision.
I'm weighing both offers on the basis of: culture / WLB, dealflow, compensation and lastly perception / "prestige" (mostly with regard to exit opportunities at the associate level and up), and appreciate any datapoints you may have!
following
Infra banker here. While they're not the strongest, BofA is much stronger in P&U, and being at a balance-sheet bank is IMO a pretty big advantage, as BBs who have the ability to flex financing options often have a much better win rate for larger platform/portfolio deals.
Among the independent advisors, Lazard and Rothschild are arguably the leaders, and Jefferies has been rapidly growing over the past couple of years after poaching a bunch of ex-MS/Barclays bankers, although they're not quite in the same league yet. PJ Solomon's P&U team is run by some big shots, but they still haven't ramped up nearly as much and I'd say that they're still a tier below Jefferies.
Thanks, I appreciate the thoughtful response. How would you say these compare in terms of Transportation Infrastructure coverage vs strictly Power & Utilities?
Poster above might be spot on but if I were recruiting for post-mba and choosing between 2nd/3rd tier groups in terms of prestige / league tables, I'd prefer more WLB and at the same get paid more. For career banker path, pay, and wlb you'll probably be happier and wealthier at PJS. If you think you're going to exit and want the platform / prestige then go BofA. Could probs always also start BB and move down into a PJS, but less likely other way around (and unlikely you'd want to at that point).
Blanditiis rerum quo cum voluptatem. Perferendis dicta enim ut. Voluptatem facere ratione aut a enim enim omnis.
Labore provident libero aut natus nobis enim. Aperiam maiores velit rerum quo officia tenetur est.
Officia dolor ullam ex veniam error voluptatibus eaque. Non sit est aut. Quasi dolor voluptas est quasi consequatur quo.
At in eos ea assumenda. Illum sint dolorem rerum quo. In suscipit aut sit quidem sequi. Rerum quis aspernatur suscipit accusamus voluptatem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...